Cavan-Images/Shutterstock Save for later Print Download Share LinkedIn Twitter Lithium mining is attracting a wave of interest from outside players in similar industries, from oil companies like Exxon Mobil to Russian nuclear player Rosatom. Lithium extraction would of course involve a learning curve for new faces like these, but could present a viable diversification opportunity by allowing them to leverage existing know-how in a climate-forward commodity. The surge of interest comes both as companies look more seriously at ways to diversify their business models and as awareness grows of the need to expand extraction of lithium and other critical minerals to meet mounting demand for electric vehicle batteries and other equipment for the energy transition. Many experts warn that even many advanced battery chemistries in development could still rely on lithium even if they can minimize or eliminate the use of cobalt.
